Thoroughbred – Stewards Investigation – SAXON SAXOFF – Price Fluctuation & Betting

1
Jun

Belmont, Saturday 9 May 2015 – Race 2, the budget.com. au Handicap (2200m).

Stewards have now completed their investigations in relation to betting transactions across Australia following SAXON SAXOFF recording a price fluctuation of $17 to $8 with on course bookmakers when winning the above race. This included a complete analysis of betting records both on and off course from all wagering providers. In relation to on course bookmakers, it was established that straight out bets of $1000 at $17 and $2000 at $14 were placed on SAXON SAXOFF. The bookmakers holding these two bets then bet back part of these amounts with other bookmakers to reduce their liability and this activity then brought about the on course price fluctuation. The identity of the two persons who placed the two winning bets are well known to the Stewards as being professionals who bet regularly on meetings held in Western Australia and other states of Australia. The level of investment from these two persons was within their normal levels and consistent with their overall betting manner. Both of these people were interviewed and they advised that their form and odds analysis programs calculated the price for SAXON SAXOFF based on its past performances and the composition of the field as being well below the $17 being offered by local bookmakers which led to them placing investments on it when the market opened. Betting records accessed through corporate bookmakers revealed a number of winning bets, however SAXON SAXOFF was not the most highly supported runner in the race with other horses attracting considerably greater levels of investment. Additionally, the level of support through corporate bookmakers and other wagering providers was consistent with the evidence taken from connections at the initial inquiry on the day. Records were also requested from Betfair as a small number of individual betting accounts were identified by RWWA Betting Supervisors during their routine bet monitoring activities throughout race meetings as requiring further investigation, however subsequent information provided disclosed that each of the relevant account holders acted consistently to their general pattern by placing bets within their normal parameters. Further, the overall betting levels through Betfair were unremarkable with the weighted average price being $9.53. A review of betting completed with the assistance of RWWA Manager of Wagering and Product through the TAB, both pari-mutual and fixed odds identified no areas of concern and it was also established that other runners in the race were supported to win to a greater extent than SAXON SAXOFF and that the overall investment on it in the WA fixed odds market represented only a small percentage of the total pool with the largest bet being one of $140.

From a complete analysis of the betting records as detailed above and further review of the running of the race and of recent performances of SAXON SAXOFF which demonstrated it had been ridden in a consistent manner and had been able to establish a leading margin to varying degrees after working hard in the early stages and was able to run highly competitive races after recording faster than average times previously and also that it had recorded similar gross times to that when winning this race as compared to when racing over the same distance in its prior preparation, Stewards have no integrity concerns based on all of the information gathered in relation to the overall running of the race and the matter is now finalised.

Brad Lewis
Chief Steward Thoroughbred
www.rwwa.com.au